We're in Our 70s: How to Make $200k and Social Security Work
Saturday, 14 September 2024, 11:00
Maximizing Retirement Income
As we hit our 70s, the question arises: how do we make $200k and Social Security work in unison? Effectively managing your income is crucial. Here are some strategies:
Diversifying Income Sources
- Investing in dividend stocks
- Using rental properties as income streams
- Exploring part-time work options if health permits
Social Security Optimization
Understanding your benefits is essential. Timing your Social Security claims can impact your overall financial health.
Financial Planning
- Engage with a financial planner who specializes in retirement strategies.
- Review and adjust your investment portfolio regularly.
- Consider tax implications for withdrawals from retirement accounts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.